Duke Energy's New Climate Report Details the Company's Ability to Adapt to a Low-Carbon Future
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Duke Energy outlined steps it is taking to provide safe, reliable, affordable and increasingly clean energy to its customers while embracing the transformation underway in the utility industry. The report details the company's strategy and ongoing efforts to mitigate risks from climate change, reduce emissions, navigate policy uncertainty and plan future investments to deliver value for customers and investors.
"Duke Energy is building a smarter, cleaner energy future for our customers and communities by investing in new technologies to modernize and diversify our system," said Lynn Good, Duke Energy's chairman, president and CEO. "We are pleased to share this report with shareholders and others who are interested in learning more about our commitment to continue lowering carbon emissions."
The report also includes a "2-degree scenario" analysis of the potential long-term impacts on the company's generation fleet associated with the possibility of reducing CO2 emissions consistent with limiting global warming to no more than 2 degrees Celsius over pre-industrial levels. The analysis is based on a number of assumptions and reflects just one possible pathway the company could take to achieve carbon reductions. The company's current carbon goal to reduce CO2 emissions 40 percent by 2030 is consistent with a pathway to achieve a science-based 2-degree target.
To read Duke Energy's 2017 Climate Report to Shareholders, visit duke-energy.com/our-company/sustainability.